Published Date : Jun 19, 2018
ALBANY, New York, June 19, 2018: The corporate wellness market is forecast to exhibit a steady growth during 2016–2024. MarketResearchReports.biz has recently added a report on, which a keen and in-depth study of factors which are influencing growth of the global corporate wellness market. The report is titled “Corporate Wellness Market: (Service Type - Health Risk Assessment, Fitness, Smoking Cessation, Health Screening, Weight Management, Nutrition) - Asia Pacific Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024” and is available for sale on the company’s website.
The executive summary of the report includes a snapshot on the corporate wellness market in Asia Pacific. The report has included comprehensive reports on influential factors including regulations aiding or hampering growth of the market, trends, prospective opportunities in the market and comparative geographical reports for the forecast years of 2016 to 2024. Revenue reports is done by primary and secondary research methodology for all segments of the market over forecast period from 2016 to 2024. For the revenue reports, 2015 is considered as base year and 2014 is a historical year. The data is represented in attractive format of tables, pie charts, graphs, statistics, and infographics.
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Growth of the Asia Pacific wellness market is attributed to rising awareness among employers about the health of their employees. Implementing corporate wellness program can positively influence employee performance, productivity, and bring about improvement in their lifestyle. The demand for corporate wellness programs is especially high among multinational and mid-scale companies around the world, which is expected to boost the global market.
Also, many governments these initiatives by implementing laws, mandating the adoption of corporate wellness programs to improve employee health. This will in turn boost the global corporate wellness market. Additionally, rising health concerns due to the increasing prevalence of obesity and adoption of unhealthy lifestyle among employees are fuelling the demand for wellness programs. However, high cost of the program and improper implementation of these programs in corporate offices are major restraint to the corporate wellness market in the region.
Corporate wellness market is segmented on the basis of service type, into fitness, health risk assessment, health screening, smoking cessation, nutrition, weight management. Among these, fitness is expected to dominate the regional market owing to the growing prevalence of chronic diseases and obesity, coupled with rising awareness levels among middle class of the region. Whereas, smoking cessation program is predicted to experience the fastest growth over forecast period.
On the basis of country, the Asia Pacific corporate wellness market is dominated by China. This growth is attributable to the economic development and rapid urbanization, which are impelling companies across these nations to adopt these programs. Rapid change in lifestyle of middle class due to awareness and urbanization is propelling demand for the wellness programs. Additionally, rising prevalence of obesity and unhealthy lifestyle choices such as excessive alcohol consumption and smoking will fuel the demand for corporate wellness programs to promote better and healthier living.
Key players present in the Asia Pacific corporate wellness market includes ComPsych Corporation, Central Corporate Wellness, Optum, Inc., Truworth Wellness, JLT Australia (Recovre Group), SOL Wellness, ConneXions Asia, Bupa Wellness Pty Ltd, and Sodexo.
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